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WD does the almost impossible

Makes a profit in this economy
Fri Apr 24 2009, 17:54

WHEN WE SAID that there were signs of spring, little did we know it was contagious. Now word has hit that Western Digital is bucking the computer industry trend and has made money.

Yes, in its Q3, WD brought in $1.6 Billion and made a profit of $50 Million, excluding a few charges. This amounts to 22 cents per share, not enough to buy that new S-Class with, but if you have 4 shares, it is (regular size) candy bar time!

WD has been on a capacity tear lately, with the only 2TB drives on the market, and it is near the lead on everything else. This means it can charge premium prices, and that is good for any company. Add in dipping its toes into the SSD market, and WD has a bright future ahead.

If you want all the details, you can listen to the conference call, and read all the financials in a PDF. Enjoy. µ

 

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